Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-What would the depreciation expense be for 2020 if Bronson Co.used the double-declining-balance method?
A)$12,200
B)$12,000
C)$11,600
D)$ 6,000

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The Answer of Use the following information for questions below
On July 1,2019,Bronson Co.purchased some equipment that initially cost $52,800.Additional costs included freight costs $300,non-refundable taxes $6,400,and installation $500.Estimated residual value is $2,000.The company uses a straight-line rate of 10%.Bronson's fiscal year end is June 30.
-What would the depreciation expense be for 2020 if Bronson Co.used the double-declining-balance method?
A)$12,200
B)$12,000
C)$11,600
D)$ 6,000

Use the Following Information for Questions Below